Risk Register

A risk register is a structured document used to track, monitor, and manage identified risks that have been discussed in meetings or identified during project or organizational assessments. It serves as a centralized repository for recording key information about each risk, including its description, potential impact, likelihood of occurrence, mitigation strategies, and responsible parties. Risk registers are instrumental in risk management, allowing organizations to prioritize, analyze, and take proactive measures to mitigate or respond to risks effectively. They are continuously updated throughout the life of a project or as new risks emerge, providing a comprehensive view of an organization’s risk landscape.